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A SpiceJet passenger aircraft Boeing 737-800 is seen after it overshoot the runway while landing on Tuesday night at the airport in Mumbai, India, September 20, 2017. Shailesh Andrade, Reuters Image used for illustrative purpose.
Indian low-cost carrier SpiceJet said on Monday that it has started adopting measures to reduce its workforce, aiming to save 1 billion rupees ($12 million) annually.
Local business daily Economic Times reported earlier in the day that the cash-strapped airline would lay off 1,400 staff or around 15% of its 9,000-strong workforce.
The carrier, however, did not confirm the number of jobs being cut.
SpiceJet said it took the measures as part of its turnaround and cost-cutting strategy following fund infusion to help in the revival of its grounded planes.
The airline, once India's second-largest, has so far raised 7.44 billion rupees as part of a 22.50 billion rupees fundraising effort by selling shares and warrants. ($1 = 83.0040 Indian rupees) (Reporting by Nandan Mandayam in Bengaluru; Editing by Dhanya Ann Thoppil)
